Latest news with #InsuranceAustraliaGroup
Yahoo
28-05-2025
- Business
- Yahoo
Is Now The Time To Put Insurance Australia Group (ASX:IAG) On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story even if these companies are loss-making. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Insurance Australia Group (ASX:IAG). Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. In the last three years Insurance Australia Group's earnings per share took off; so much so that it's a bit disingenuous to use these figures to try and deduce long term estimates. So it would be better to isolate the growth rate over the last year for our analysis. Outstandingly, Insurance Australia Group's EPS shot from AU$0.30 to AU$0.54, over the last year. Year on year growth of 76% is certainly a sight to behold. It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. The good news is that Insurance Australia Group is growing revenues, and EBIT margins improved by 4.1 percentage points to 14%, over the last year. Ticking those two boxes is a good sign of growth, in our book. In the chart below, you can see how the company has grown earnings and revenue, over time. Click on the chart to see the exact numbers. View our latest analysis for Insurance Australia Group While we live in the present moment, there's little doubt that the future matters most in the investment decision process. So why not check this interactive chart depicting future EPS estimates, for Insurance Australia Group? Investors are always searching for a vote of confidence in the companies they hold and insider buying is one of the key indicators for optimism on the market. Because often, the purchase of stock is a sign that the buyer views it as undervalued. However, insiders are sometimes wrong, and we don't know the exact thinking behind their acquisitions. The good news for Insurance Australia Group shareholders is that no insiders reported selling shares in the last year. So it's definitely nice that Independent Non-Executive Director George Sartorel bought AU$38k worth of shares at an average price of around AU$7.69. Purchases like this can help the investors understand the views of the management team; in which case they see some potential in Insurance Australia Group. Recent insider purchases of Insurance Australia Group stock is not the only way management has kept the interests of the general public shareholders in mind. Specifically, the CEO is paid quite reasonably for a company of this size. The median total compensation for CEOs of companies similar in size to Insurance Australia Group, with market caps over AU$12b, is around AU$6.5m. Insurance Australia Group offered total compensation worth AU$5.2m to its CEO in the year to June 2024. That is actually below the median for CEO's of similarly sized companies. While the level of CEO compensation shouldn't be the biggest factor in how the company is viewed, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. It can also be a sign of good governance, more generally. Insurance Australia Group's earnings per share have been soaring, with growth rates sky high. Not to mention the company's insiders have been adding to their portfolios and the CEO's remuneration policy looks to have had shareholders in mind seeing as it's quite modest for the company size. The strong EPS growth suggests Insurance Australia Group may be at an inflection point. For those attracted to fast growth, we'd suggest this stock merits monitoring. You should always think about risks though. Case in point, we've spotted 2 warning signs for Insurance Australia Group you should be aware of, and 1 of them is concerning. The good news is that Insurance Australia Group is not the only stock with insider buying. Here's a list of small cap, undervalued companies in AU with insider buying in the last three months! Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
NDTV
27-05-2025
- Business
- NDTV
Australia PM Says "Massive Challenges" Ahead In Recovery From Floods
Sydney: Australian Prime Minister Anthony Albanese said on Tuesday flooding in the southeast posed "massive challenges" and the recovery would take several months. Incessant rain over three days triggered major flooding in several rural towns in the Hunter and Mid North Coast regions of New South Wales, Australia's most populous state, as fast-rising rivers cut off more than 50,000 people last week. "There are still massive challenges ... this is not something that will go away in a matter of days or weeks or even months," Albanese told reporters from the flood-hit town of Taree, more than 300 km (186 miles) north of Sydney. "This will take some time, the recovery, but Australians are resilient." Taree received just over 600 mm (24 inches) of rain over four days from May 20, roughly half its annual average, official data showed. Australia has been hit with increasing extreme weather events that some experts say are the result of climate change. Following droughts and devastating bushfires at the end of last decade, frequent floods have caused damage since early 2021. Albanese said the flooding severely hurt the dairy industry, which "will have an impact right throughout Australia." Dead and lost livestock had washed up on the coast after the floods inundated several farms and homes. A one-off disaster recovery payment of A$1,000 ($648) for adults and A$400 for children will be rolled out from Wednesday, while the ongoing 13-week income support allowance will be expanded to cover more residents, Albanese said. Insurance Australia Group, the country's largest general insurer, said it had received around 2,500 claims as of Tuesday related to the floods, with most claims for property damage. Nearly 800 properties have been deemed uninhabitable after conducting more than 7,300 damage assessments, a spokesperson for the New South Wales state emergency services said.
Business Recorder
27-05-2025
- Business
- Business Recorder
Australia floods recovery could take several months, PM says
SYDNEY: Australian Prime Minister Anthony Albanese said on Tuesday flooding in the southeast posed 'massive challenges' and the recovery would take several months. Incessant rain over three days triggered major flooding in several rural towns in the Hunter and Mid North Coast regions of New South Wales, Australia's most populous state, as fast-rising rivers cut off more than 50,000 people last week. 'There are still massive challenges … this is not something that will go away in a matter of days or weeks or even months,' Albanese told reporters from the flood-hit town of Taree, more than 300 km (186 miles) north of Sydney. 'This will take some time, the recovery, but Australians are resilient.' Australian authorities airdrop supplies to farmers stranded by flood crisis Taree received just over 600 mm (24 inches) of rain over four days from May 20, roughly half its annual average, official data showed. Australia has been hit with increasing extreme weather events that some experts say are the result of climate change. Following droughts and devastating bushfires at the end of last decade, frequent floods have wreaked havoc since early 2021. Albanese said the flooding severely hurt the dairy industry, which 'will have an impact right throughout Australia.' Dead and lost livestock had washed up on the coast after the floods inundated several farms and homes. A one-off disaster recovery payment of A$1,000 ($648) for adults and A$400 for children will be rolled out from Wednesday, while the ongoing 13-week income support allowance will be expanded to cover more residents, Albanese said. Insurance Australia Group, the country's largest general insurer, said it had received around 2,500 claims as of Tuesday related to the floods, with most claims for property damage. Nearly 800 properties have been deemed uninhabitable after conducting more than 7,300 damage assessments, a spokesperson for the New South Wales state emergency services said.
Straits Times
27-05-2025
- Business
- Straits Times
Australia floods recovery could take several months, PM Albanese says
Australia's Prime Minister Anthony Albanese (right) visits flood affected area, in Wingham, Australia, on May 27. PHOTO: REUTERS Australia floods recovery could take several months, PM Albanese says SYDNEY - Australian Prime Minister Anthony Albanese said on May 27 that flooding in the southeast posed 'massive challenges' and the recovery would take several months. Incessant rain over three days triggered major flooding in several rural towns in the Hunter and Mid North Coast regions of New South Wales, Australia's most populous state, as fast-rising rivers cut off more than 50,000 people last week. 'There are still massive challenges ... this is not something that will go away in a matter of days or weeks or even months,' Mr Albanese told reporters from the flood-hit town of Taree, more than 300km north of Sydney. 'This will take some time, the recovery, but Australians are resilient.' Taree received just over 600mm of rain over four days from May 20, roughly half its annual average, official data showed. Australia has been hit with increasing extreme weather events that some experts say are the result of climate change. Following droughts and devastating bushfires at the end of last decade, frequent floods have wreaked havoc since early 2021. Mr Albanese said the flooding severely hurt the dairy industry, which 'will have an impact right throughout Australia.' Dead and lost livestock had washed up on the coast after the floods inundated several farms and homes. A one-off disaster recovery payment of A$1,000 (S$832) for adults and A$400 for children will be rolled out from May 28 , while the ongoing 13-week income support allowance will be expanded to cover more residents, Mr Albanese said. Insurance Australia Group, the country's largest general insurer, said it had received around 2,500 claims as of Tuesday related to the floods, with most claims for property damage. Nearly 800 properties have been deemed uninhabitable after conducting more than 7,300 damage assessments, a spokesperson for the New South Wales state emergency services said. AFP Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
27-05-2025
- Business
- Straits Times
Australia floods recovery could take several months, PM says
Australia's Prime Minister Anthony Albanese shakes hands with a local woman Lyn Latimore on the day he visits flood affected area, in Wingham, Australia, May 27, 2025. REUTERS/Hollie Adams Australia's Prime Minister Anthony Albanese visits flood affected area, in Wingham, Australia, May 27, 2025. REUTERS/Hollie Adams TPX IMAGES OF THE DAY Australia floods recovery could take several months, PM says SYDNEY - Australian Prime Minister Anthony Albanese said on Tuesday flooding in the southeast posed "massive challenges" and the recovery would take several months. Incessant rain over three days triggered major flooding in several rural towns in the Hunter and Mid North Coast regions of New South Wales, Australia's most populous state, as fast-rising rivers cut off more than 50,000 people last week. "There are still massive challenges ... this is not something that will go away in a matter of days or weeks or even months," Albanese told reporters from the flood-hit town of Taree, more than 300 km (186 miles) north of Sydney. "This will take some time, the recovery, but Australians are resilient." Taree received just over 600 mm (24 inches) of rain over four days from May 20, roughly half its annual average, official data showed. Australia has been hit with increasing extreme weather events that some experts say are the result of climate change. Following droughts and devastating bushfires at the end of last decade, frequent floods have wreaked havoc since early 2021. Albanese said the flooding severely hurt the dairy industry, which "will have an impact right throughout Australia." Dead and lost livestock had washed up on the coast after the floods inundated several farms and homes. A one-off disaster recovery payment of A$1,000 ($648) for adults and A$400 for children will be rolled out from Wednesday, while the ongoing 13-week income support allowance will be expanded to cover more residents, Albanese said. Insurance Australia Group, the country's largest general insurer, said it had received around 2,500 claims as of Tuesday related to the floods, with most claims for property damage. Nearly 800 properties have been deemed uninhabitable after conducting more than 7,300 damage assessments, a spokesperson for the New South Wales state emergency services said. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
